Sentiment seems to be pointing to even lower rates:
FDIC limits bank-account interest - Personal Finance blog - Money Magazine's More Money
However, if the author had done a little more digging she could have found this string which has several banks with better rates along with smaller initial deposit requirements.
I finally caved and went to a type of rewards checking account. I was turned off by all the ones that had activity requirements. But Apple FCU in Northern Virginia has an "investor's checking" @3.5% APY. Instead of debit card and online bill pay activity they simply require 10k in an investment account. So I rolled over an old 401K that exceeds this amount significantly and dumped in the maximum balance permitted to get the 3.5% APY.